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Arabian Drilling reported first-half 2026 revenue of SAR 1,586.3 million on 10 August, down 10.6% from the comparable period. EBITDA fell 21% to SAR 539.7 million, with a margin of 34%. The Saudi contractor recorded a net loss of SAR 24.5 million, compared with a net profit of SAR 82.7 million a year earlier. These figures cover the six months ended June, not subsequent summer operations.
The quarterly breakdown shows the different directions of its land and offshore businesses. Second-quarter revenue was SAR 764.7 million, against SAR 821.6 million in the first quarter. Offshore revenue declined to SAR 171.3 million from SAR 273 million, while land revenue rose to SAR 593.4 million from SAR 548.6 million. The land improvement therefore partly offset the offshore decline without eliminating the overall quarterly reduction.
At the end of June, the company reported 43 active rigs and utilization of 71.7%. Its backlog stood at SAR 11.83 billion. Backlog represents contracted future business and cannot be treated as revenue already recognized. The report also noted that three previously suspended rigs had returned by 1 August, a development after the financial reporting period. Their return should not be retroactively included in the June operating snapshot.
For drilling-market analysis, the results connect fleet activity with segment revenue and earnings rather than providing a well-production forecast. The company expected third-quarter revenue growth of 4–6% over the preceding quarter, but that figure was guidance when published. Comparing later results with this outlook will require actual operating and financial disclosures. Neither contracted backlog nor returning rigs alone establishes how many wells were completed or how much oil was produced.